FTX, the defunct cryptocurrency exchange, is finally being forced to publicly detail its spending habits in the company’s ongoing Chapter 11 bankruptcy proceedings. And the resulting documents are illuminating.
As down-and-out crypto exchange FTX struggles through the miasma of Chapter 11 bankruptcy, seeking to recoup funds needed to make customers and investors whole, the company now says there was around $3.2 billion dolled out to former CEO Sam Bankman-Fried and five other members of his inner circle before the collapse.
A federal judge doesn’t think proposed changes to Sam Bankman-Fried’s bail conditions will be enough to address the disgraced FTX founder’s messy online behavior while awaiting trial, according to a Friday Reuters report.
Lawyers representing FTX founder Sam Bankman-Fried announced on Wednesday that his October trial might need to be delayed. The lawyers said they were still waiting for important documents to be handed over and claimed the hold-up could hinder their ability to review the evidence and create a proper defense.
Amazon is reportedly gearing up to launch an NFT marketplace, likely dubbed “Amazon NFT Marketplace” or “Amazon Digital Marketplace,” that may be available to customers in April.
Before his spectacular downfall and the collapse of his crypto exchange FTX, former CEO Sam Bankman-Fried covertly and illicitly funneled millions of dollars of customer and company funds to political campaigns, according to a newly filed federal indictment.
Blockchain investors in Japan rejoice. The Japanese subsidiary of bankrupt crypto exchange FTX announced that customers could begin withdrawing funds from their accounts beginning on Tuesday, after a months long freeze. FTX Japan customers are among the first to get their money back following the exchange’s global…
Federal prosecutors are squinting pretty hard, trying to keep an eye on what the failed FTX founder Sam Bankman-Fried has been doing while he’s been ordered by the court to live under his parents’ roof. The young crypto founder has reportedly been accessing the internet using a VPN, and the U.S. Attorneys Office is…